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DFNS.U

LGL Systems Acquisition Corp. Units
DFNS.U

Delisted

DFNS.U was delisted on the 26th of August, 2021.

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27 hedge funds and large institutions have $60.8M invested in LGL Systems Acquisition Corp. Units in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 5

23% less funds holding

Funds holding: 35 → 27 (-8)

52% less capital invested

Capital invested by funds: $127M → $60.8M (-$66.4M)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
27
Holders Change
-8
Holders Change %
-22.86%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
6
Reduced
5
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KC
Kepos Capital
New York
+$3.01M
2
GCL
Glazer Capital LLC
New York
+$2.01M
3
JP Morgan Chase
JP Morgan Chase
New York
+$1.72M
4
BCM
BlueCrest Capital Management
Jersey
+$1M
5
CIM
Cowen Investment Management
New York
+$1M

Top Sellers

Rank Fund Capital Flow
1
CAC
Cowen and Company
New York
-$13.9M
2
LA
Linden Advisors
New York
-$11.6M
3
Millennium Management
Millennium Management
New York
-$6.94M
4
OCAM
Owl Creek Asset Management
New York
-$6.55M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$6.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
1
Magnetar Financial
Illinois
$10.1M +$697K +69,434 +8%
BCM
2
BlueCrest Capital Management
Jersey
$9.74M +$1M +100,000 +12%
SCM
3
Shaolin Capital Management
Florida
$7.25M +$125K +12,500 +2%
GCL
4
Glazer Capital LLC
New York
$5.71M +$2.01M +200,100 +56%
PSAMP
5
P. Schoenfeld Asset Management (PSAM)
New York
$3.59M – – –
KC
6
Kepos Capital
New York
$3.08M +$3.01M +300,000 New
WAM
7
Wolverine Asset Management
Illinois
$2.88M -$4.52M -450,028 -62%
AIMCA
8
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.82M – – –
Blackstone Inc
9
Blackstone Inc
New York
$2.82M – – –
GI
10
GAMCO Investors
Connecticut
$2.36M – – –
JP Morgan Chase
11
JP Morgan Chase
New York
$1.77M +$1.72M +171,500 +17,150%
YCM
12
Yakira Capital Management
Connecticut
$1.54M – – –
BCM
13
Basso Capital Management
Connecticut
$1.52M -$969K -96,600 -39%
PC
14
Periscope Capital
Ontario, Canada
$1.42M -$2.58M -256,800 -65%
PAMP
15
Polar Asset Management Partners
Ontario, Canada
$1.02M – – –
CIM
16
Cowen Investment Management
New York
$1.02M +$1M +100,000 New
RCM
17
Rivernorth Capital Management
Florida
$1.02M +$1M +100,000 New
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$309K +$303K +30,188 New
Millennium Management
19
Millennium Management
New York
$289K -$6.94M -691,700 -96%
LIM
20
Longfellow Investment Management
Massachusetts
$187K – – –
CAC
21
Cowen and Company
New York
$162K -$13.9M -1,382,095 -99%
PAM
22
Panagora Asset Management
Massachusetts
$61K – – –
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$20K +$19.3K +1,919 New
Wells Fargo
24
Wells Fargo
California
$16K – – –
FIA
25
FNY Investment Advisers
New York
$4K – – –
1
2

DFNS.U Hedge Fund Activity: Q2 2020 in Review

27 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in LGL Systems Acquisition Corp. Units (DFNS.U) for Q2 2020, worth a combined $60.8M — down 52% from $127M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of DFNS.U and 5 opened new positions — a net loss of 8 holders — while 5 trimmed existing stakes and 6 added.

The largest buyer was Kepos Capital, opening a new position worth an estimated $3.01M. The largest seller was Cowen and Company, cutting an estimated $13.9M.

  • 27 institutional investors held LGL Systems Acquisition Corp. Units (DFNS.U) as of Q2 2020, down from 35 in Q1 2020.
  • Funds reported $60.8M of LGL Systems Acquisition Corp. Units stock for Q2 2020, down 52% quarter-over-quarter.
  • 5 funds opened new LGL Systems Acquisition Corp. Units positions in Q2 2020 and 13 closed out, a net change of -8 holders.
  • The largest LGL Systems Acquisition Corp. Units buyer in Q2 2020 was Kepos Capital, an estimated $3.01M added.
  • The largest LGL Systems Acquisition Corp. Units seller in Q2 2020 was Cowen and Company, an estimated $13.9M sold.

Based on aggregated 13F filings for Q2 2020.